Corio posts 4.5% like-for-like net rental growth

Corio registered a 4.5% like-for-like net rental growth in 1Q 2007, the Dutch commercial property company said. This compares with a much higher figure of 7.2% issued by Rodamco for the first quarter of the year. Corio said tha net rental income growth was offset by the increase of financing costs (EUR 5.8 mln), administrative expenses (EUR 1.2 mln) and taxes (EUR 0.3 mln). EBIT (Earnings Before Interest and Tax) increased by EUR 6.3 mln or 9.5% to EUR 72.6 mln.

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